Industrial cloud platform along with IoT functionality provides a modern approach for deploying and developing software applications. This modern approach is replacing the older server model in which large complex applications were created and run. As more companies are adopting the modern platform approach, the pace of the changeover is accelerating. Digital transformation is the smarter way to perform business. The speed, agility, and efficiency drive new and better customers. To maximize the value creation across asset and operations lifecycles, to increase profitability; and to maximize the return on capital, new digital technologies like the industrial cloud platform is introduced. This provides an opportunity for the companies to maintain a competitive edge.